AltFi News - 02.12.16

The Marketing Eye Newsletter

The latest news from the world of Alternative Finance and FinTech world

54% of incumbents say fintech partnerships have boosted revenue


The growing number of partnerships between fintechs and legacy players suggests that incumbents believe there are benefits to working with new market entrants. (Business Insider UK)

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New UK challenger bank Masthaven opens digital doors

As Banking Technology reported in April, Masthaven got its UK banking licence and implemented a new core system. A domestic vendor, DPR Consulting, is providing its front-to-back office retail banking platform. The software itself is a new development, with Masthaven being one of the very first takers. (Banking Technology)

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Tungsten overhauls SME payments proposition

Tungsten Network has strengthened its finance offer to thousands of firms in the UK and US with an overhaul of its Early Payment solution for SMEs. (Finextra)

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Bank of England quizzing lenders over buy to let stress tests

The Financial Times reports that the Bank of England is questioning buy to let mortgage lenders and banks as part of a move to restrict lending only to the ‘safest’ of investments. (Letting Agent Today)

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Click here for news and insights from the world of Alternative Finance and FinTech



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